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Title Factors of macroeconomic growth in Nigeria: wages demand, taxes, and entrepreneurship development
Authors Zhuravka, Fedir Oleksandrovych  
Shkarupa, Olena Vasylivna  
Aiyedogbon, J.O.
Adeyinka, Olure-Bank
Shkarupa, Ivan Serhiiovych
ORCID http://orcid.org/0000-0001-8368-5743
http://orcid.org/0000-0002-8990-0886
Keywords wages
price spiral
labor union
inflation
budget deficit
entrepreneurship
заробітна плата
спіраль цін
профспілка
інфляція
бюджет дефіцит
підприємництво
заработная плата
спираль заработной платы и цен
профсоюз
инфляция
бюджет дефицит
предпринимательство
Type Article
Date of Issue 2020
URI https://essuir.sumdu.edu.ua/handle/123456789/82047
Publisher Businness Perspectives
License Creative Commons Attribution 4.0 International License
Citation Fedir Zhuravka, Olena Shkarupa, John O. Aiyedogbon, Olure-Bank Adeyinka and Ivan Shkarupa (2020). Factors of macroeconomic growth in Nigeria: wages demand, taxes, and entrepreneurship development. Investment Management and Financial Innovations, 17(1), 242-252. doi:10.21511/imfi.17(1).2020.21
Abstract This paper contributes to clarifying the scientific debate on the impact of entrepreneurship development and wages increases on Nigeria’s macroeconomic development. The main purpose of this research is to estimate the impacts, problems, and consequences between wages growth and the growth of a long-term relationship between wages and investment. The article deals with the current state of Nigeria’s macroeconomic indicators. The methodological tools for the research are the ARDL and DOLS methods, which were used to study the relationships between the macroeconomic indicators. The research period is 1987–2019. The research empirically confirms and theoretically proves that the country operates under unstable and uncertain conditions, so it is difficult to achieve macroeconomic stability. Also, the article presents the results of the analysis, which has shown a positive and statistically significant effect of raising the minimum wages on economic growth both in the long and short term. The study results can be useful for state authorities, private sector, as well as for the researchers.
Appears in Collections: Наукові видання (ННІ БіЕМ)

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